### Coin price plummets, suspected dumping#
Hot Topic Overview
Overview
Recently, the price of SWARMS has seen a sharp decline, suspected of being a dump. According to monitoring, three addresses suspected of belonging to the same individual or institution have sold a total of 26.52 million SWARMS in the past three days, worth about $8.08 million, which is considered the main driver of the price drop. Among them, address HikmG...S2Yat sold 16.52 million tokens, address 384zS...g8RUL sold 5 million tokens, and address BqbfX...k6pd1 sold 5 million tokens. The source of funds for these addresses can be traced back to four distribution addresses nine days ago or even earlier, which may belong to insider addresses or market maker addresses.
Ace Hot Topic Analysis
Analysis
Recently, the price of SWARMS has plummeted, suspected of being dumped. According to monitoring data, three addresses suspected of belonging to the same person or institution have sold a total of 26.52 million SWARMS in the past three days, worth about US$8.08 million. Among them, address HikmG...S2Yat sold 16.52 million, address 384zS...g8RUL sold 5 million, and address BqbfX...k6pd1 sold 5 million. These selling behaviors are believed to be the main driving force behind the decline in the price of SWARMS. SWARMS has fallen by 28.82% in the past three days. It is worth noting that one of the source addresses of HikmG...S2Yat has sold 75% of its holdings and made a profit of US$3.73 million, with the remaining 5 million still floating at a profit of US$1.256 million, costing only US$0.02291. This indicates that the address may be involved in market manipulation. Currently, the true identities of these addresses are unknown, but the incident has raised market concerns about the SWARMS project and reminded investors to be cautious when investing in digital currencies, avoiding blind following.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Suspected individuals or organizations have sold large quantities of SWARMS tokens in the past three days, resulting in a 28.82% price drop.
The three addresses involved in the selling are suspected to belong to the same individual or organization.
A total of 26.52 million SWARMS tokens were sold, with a value of approximately $8.08 million.
One of the addresses, HikmG...S2Yat, sold 16.52 million tokens.
One of the source addresses for this address has already profited $3.73 million, with the remaining 5 million tokens still in profit.
The other two addresses sold 5 million tokens each, valued at approximately $1.40 million and $1.52 million respectively.